Solar water pumps company receives order worth Rs 4,75,00,000 from Madhya Pradesh Urja Vikas Nigam Ltd

Crompton Greaves Consumer Electricals Limited has been awarded a significant domestic contract from the Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) under the PM Krishak Mitra Surya Yojana, which is being implemented as Component-B of the PM KUSUM scheme. The Letter of Award, with a broad commercial consideration of approximately Rs 4.75 crore (excluding GST), is for the design, manufacture, supply, transport, installation, testing, and commissioning of 197 Off-Grid DC & AC Solar Photovoltaic Water Pumping Systems (SPWPS). The work, which involves the installation of these solar pumping systems, is required to be executed within 120 days from the date the work order was issued.

Earlier, the company received an order from the Madhya Pradesh Urja Vikas Nigam Limited for the installation of 196 Off-grid DC & AC Solar Photovoltaic Water Pumping Systems (SPWPS). This project is a component of the PM KUSUM-B scheme, which is being implemented in Madhya Pradesh under the name PM Krishak Mitra Surya Yojana. The total value of the work order is approximately Rs 4.28 crore, excluding GST. The company is required to complete the design, manufacture, supply, transport, installation, testing, and commissioning of these systems within 120 days from the date the work order was issued.

About the Company

Crompton Greaves Consumer Electricals Limited is a prominent Indian consumer company with a legacy spanning over 75 years, operating through its Lighting and Electrical Consumer Durables business segments. As part of its "Crompton 2.0" strategy, the company is focusing on premiumization, enhancing its go-to-market approach and increasing brand investment. Its diverse product portfolio includes a wide range of fans, from ceiling fans to industrial air circulators, as well as residential and agricultural pumps and various home appliances such as water heaters, air coolers and kitchen appliances. The company also offers a comprehensive suite of lighting products, including LED lamps

The company has a market cap of over Rs 19,000 crore and has been maintaining a healthy dividend payout of 40 per cent. In Q1FY26, the company reported net sales of Rs 1,998 crore and net profit of Rs 124 crore while in FY25, the company reported net sales of Rs 7,864 crore and net profit of Rs 564 crore. The stock is up by 3.5 per cent from its 52-week low of Rs 286.20 per share.

Disclaimer: The article is for informational purposes only and not investment advice.